The Kano State Government on Thursday said it signed a N2 billion loan agreement with the Bank of Agriculture (BOA) to boost the state’s agricultural sector.
This information is contained in a statement signed by Malam Halilu Dantiye, Director of Press to the Governor, in Kano.
According to the statement, the state government will provide one billion naira as counterpart funding to enable farmers access the fund.
It stated that Gov. Rabiu Kwankwaso said the loan facility was an indication of the state government’s seriousness toward agricultural development.
Kwankwaso said the efforts would enhance job creation and enhance revenue generation of the state.
“Peasant farmers drawn from the 44 local government areas of the state will benefit from the interest-free loan.
“It will also ensure that our set goals in the agricultural sector are achieved,” Kwankwaso said.